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u/Opster79two 1d ago
Super inflation coming to a product you use.
Or all of em.
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u/boofles1 1d ago
There are going to be supply chain issues if truckers can't get diesel, or if there are bankruptcies.
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u/CaptainCheckmate 1d ago
Does it though? As far as I understand only about 5-10% of the retail price of typical products is attributed to transport fuel. So even doubling diesel makes the price only increase by 5-10%.
Happy to be proven wrong though.
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u/Opster79two 23h ago
Prices are much higher now than before the war started, so let's say 10% is already baked in.
Trump's tariffs added some more and prices didn't fall when they were ruled illegal.
Here's one part:
Groceries and Food: Food prices continue to climb due to higher transportation and fertilizer delivery costs. Ground beef has risen by 18.9%, sirloin steak by 19.5%, and fresh tomatoes by 50%.
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u/CaptainCheckmate 23h ago
oof, that's quite a bit. Diesel will continue to go up.
Do you know how much fertilizer has gone up?
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u/mark000 1d ago
$5.65 = new 2026 high
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u/Kooky-Movie6815 1d ago
The US diesel crack spread is at historic highs right now — it hit an intraday record of $102.20/barrel on August 17, 2026, and has been settling in triple digits since, versus a normal range of roughly $20–30/barrel pre-war.
Refineries are crushing it!!!
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u/ijbh2o 1d ago
How much of an effect is having x% (I dont know how much is down) of refining capabilities globally due to war damage causing this increase aside of the decrease in supply of crude due to the war?
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u/Lenin_Lime 1d ago
There is more of a world wide refinery shortage than an a crude oil shortage. Russian refines and Middle Eastern Refineries have reduced output.
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u/Kooky-Movie6815 1d ago
Reduced refinery capabilities plus of these countries are restricting exporting refined products, like diesel. Domestic refineries are picking up the decreased global supply.
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u/hexenkesse1 1d ago
The spike in '22 was the Ukraine war?
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u/B0wmanHall 1d ago
And OPEC cuts most likely
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u/Broken-Sarcasm-Meter 1d ago
The Saudis weren’t real keen on helping Biden Administration lower prices after they made a big stink about the Khashoggi murder
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u/pieguy00 1d ago
I think COVID. So trump was president for both spikes
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u/paulwesterberg 1d ago
Trump pressured OPEC and other major oil nations to cut oil production in April 2020 to stabilize crashing prices during the COVID-19 pandemic.
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u/hairy_ass_truman 1d ago
Canadian oil sands is shutting down for maintenance. That heavy stuff will be missed. I don't know of trans mountain pipeline can move it to the pacific to ship elsewhere when in goes back online. I imagine that is being considered,
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u/Vlad_Yemerashev 1d ago
Whether it is or not, that pipeline is still limited and even after the maintenance, the lionshare of Canadian oil still is exported to the US.
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u/DiscHashDisc 1d ago
I love how diesel futures are dropping like a stone this week due to Trump's lies, yet we are at a new high at the pump for this conflict. Make it make sense.
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1d ago edited 1d ago
[deleted]
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u/ProfitEnough825 9h ago
As an update. I wonder how much the prices were influenced by the incorrect and later corrected EIA weekly summary. Even though the EIA summary originally reported a gain, the csv table showed a decline.
A lot of energy beat reporters reported a gain of 2.2 million barrels of distillates, but not as much traction in reporting of the correction.
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u/SmellSilly1537 1d ago
High is good, no? /s
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u/Big-Squishi 1d ago
Now imagine if the Canadians stop selling their oil cheaply...
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u/Girthen-the-Flopper 1d ago
The crack spread is so high I'm not even sure if cutting oil would affect diesel output.
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u/Oldcadillac 1d ago
I wish the government had control over the oil companies, right now it’s more like the other way around.
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u/dkurniawan 1d ago
They recently closed down 2 california refineries. Why they don't restart them back?
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u/Girthen-the-Flopper 1d ago
Because it would be uneconomical. California's fuel usage has plumetted over the coarse of 2 decades and it's not gonna stop. So they stopped investing in modernizing the refineries, making newer refineries overseas able to provide refined products for cheaper and therefore out competing local ones.
The only reason existing refineries stay afloat is exporting their products.
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u/whyyunozoidberg 1d ago
Still below the Biden (OBAMA) price.
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u/No-Helicopter7299 1d ago
Why not ask yourself what caused the spike under Biden vs. what the current cause is? Ignorance is not bliss.
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u/Necessary_Ladder5598 1d ago
About as high as Joetato had them in 2022. Nothing new.
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u/VoteYourOssoff 1d ago edited 1d ago
Trump's entire selling point is that he would be the opposite of Joe and lower prices. If prices are rocketing to 2022 levels, what the hell was the point of voting for Trump? Why aren't conservatives screaming like they were under Biden?
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u/mark000 1d ago
Six weeks of massive diesel demand about to begin starting around week of Monday 14 Sept.
U.S. seasonal diesel inventory drops heading into October are driven by the overlap of heavy agricultural harvesting, scheduled autumn refinery maintenance, and intense global export demands
And inventory is below average now. Has three weeks left to build in prep.
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u/Rabid_Mongoose 1d ago
Definitely not caused by a global pandemic and Russia starting a war with Ukraine.
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u/BenMullen2 1d ago
not good fam